REGISTERED NUMBER: 04528057 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

HOWARD FINANCIAL SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S L Howard

SECRETARY:

Mrs J Howard

REGISTERED OFFICE:

69b Church Road

Alphington

Exeter

Devon

EX2 8SW

REGISTERED NUMBER:

04528057 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

89,560

154,660

89,560

154,660

CURRENT ASSETS

Debtors

6

492,605

483,531

Cash at bank and in hand

4,391

5,269

496,996

488,800

CREDITORS

Amounts falling due within one year

7

156,427

198,196

NET CURRENT ASSETS

340,569

290,604

TOTAL ASSETS LESS CURRENT LIABILITIES

430,129

445,264

PROVISIONS FOR LIABILITIES

15,062

37,458

NET ASSETS

415,067

407,806

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

414,967

407,706

SHAREHOLDERS' FUNDS

415,067

407,806

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 November 2025 and were signed by:

Mr S L Howard - Director

1.	STATUTORY INFORMATION

Howard Financial Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

10% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 30 September 2025

33,000

AMORTISATION

At 1 October 2024

and 30 September 2025

33,000

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

Motor

leasehold

fittings

vehicles

Totals

£

£

£

£

COST

At 1 October 2024

94,035

50,316

89,888

234,239

Additions

-

18,516

-

18,516

Disposals

-

-

(89,888

)

(89,888

)

At 30 September 2025

94,035

68,832

-

162,867

DEPRECIATION

At 1 October 2024

33,590

23,517

22,472

79,579

Charge for year

9,403

6,797

-

16,200

Eliminated on disposal

-

-

(22,472

)

(22,472

)

At 30 September 2025

42,993

30,314

-

73,307

NET BOOK VALUE

At 30 September 2025

51,042

38,518

-

89,560

At 30 September 2024

60,445

26,799

67,416

154,660

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

67,642

65,835

Amounts owed by group undertakings

264,947

205,751

Other debtors

150,000

200,000

Prepayments

10,016

11,945

492,605

483,531

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

148,757

142,156

Directors' current accounts

3,372

48,472

Accrued expenses

4,298

7,568

156,427

198,196

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2025 and 30 September 2024:

2025

2024

£

£

Mr S L Howard

Balance outstanding at start of year

(48,472

)

(16,700

)

Amounts advanced

48,472

140

Amounts repaid

(3,372

)

(31,912

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(3,372

)

(48,472

)

Loans are unsecured, interest free and repayable on demand.